Frugality is usually good with time-honored motto(geyan) from Ben Franklin:"A Penny saved is a Penny earned." However,in a global recession nowadays,leaders in US or in China do encourage individuals to spend instead of saving even though savings serve as a reservoir of financial capital that can be used to invest to raise the standard of living.( Published by Wall Street Journal on page A1,January 6, 2009.)
Time is changing. Increased saving would mean decreased spending which may exacerbate the economy's woes. Such general statement is for a point of reference.
Well,start buying and boosting GDP to help Uncle Sam or China. Enjoy now and pay later to live it up but do not overspend,just spend...Where is the line of demarcation? You are the authorized person to make your decision. I have been buying a lot of things to help US economy and China's economy when I visit China from January 24, 2009 to February 24, 2009 as an American citizen of Chinese ancestry.
Would the readers feel good as a person with economic clout? The only requirement is to have a decent job or getting retirement benefits without work. To blog is to have fun. However,permanent jobs are so few and retirement benefits are very much limited. But you may be your own boss provided your firm's goods and services are in demand such as health products and educational services et al. You have a marketable skill to supply the demand of any society. Nobody would impugn for such reasoning. Have a great day,everyday.
Francis Shieh a.k.a. Xie Shihao,a teacher since 1945 offering the above advice to the readers as public service.
Tuesday,January 6, 2009 at 1.18 p.m.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment